BRF (NYSE:BRFS) Announces Quarterly Earnings Results

BRF (NYSE:BRFS - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.11), Zacks reports. BRF had a net margin of 6.52% and a return on equity of 19.66%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.72 billion.

BRF Stock Down 1.9 %

BRFS stock traded down $0.06 during trading hours on Friday, reaching $3.08. 3,348,167 shares of the stock were exchanged, compared to its average volume of 2,038,081. The firm's 50-day moving average is $3.72 and its 200-day moving average is $4.18. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.19 and a beta of 1.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. BRF has a 12 month low of $2.96 and a 12 month high of $4.87.

BRF Cuts Dividend

The company also recently announced a -- dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.0217 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 18th. BRF's dividend payout ratio (DPR) is presently 22.86%.

Wall Street Analysts Forecast Growth

BRFS has been the subject of a number of recent analyst reports. Citigroup upgraded shares of BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. StockNews.com cut BRF from a "strong-buy" rating to a "buy" rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.70.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.